Managerial Accounting, Loose-leaf Version
14th Edition
ISBN: 9781337270717
Author: WARREN, Carl S.; Reeve, James M.; Duchac, Jonathan
Publisher: South-Western College Pub
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Textbook Question
Chapter 1, Problem 2ADM
Comparing occupancy for two hotels
Sunrise Suites and Nationwide Inns operate competing hotel chains across the region. Hotel capacity information for both hotels is as follows:
Information on the number of guests for each hotel and the average length of visit for June were as follows:
- A. Determine the guest nights for each hotel in June.
- B. Determine the room nights for each hotel in June.
- C. Determine the occupancy rate of each hotel in June.
- D. Interpret the results in (C).
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Sunrise Suites and Nationwide Inns operate competing hotel chains across the region. Hotel capacity information for both hotels is as follows:
Number of Hotels
Average Number of Rooms per Hotel
Sunrise Suites
120
90
Nationwide Inns
150
76
Information on the number of guests for each hotel and the average length of visit for June were as follows:
Number of Guests
Average Length of Visit (in Nights)
Sunrise Suites
183,600
1.5
Nationwide Inns
228,000
1.2
a. Determine the guest nights for each hotel in June.
Guest Nights
Sunrise Suites
fill in the blank 1
Nationwide Inns
fill in the blank 2
b. Determine the room nights for each hotel in June.
Room Nights
Sunrise Suites
fill in the blank 3
Nationwide Inns
fill in the blank 4
c. Determine the occupancy rate of each hotel in June.
Occupancy Rate
Sunrise Suites
fill in the blank 5
%
Nationwide Inns
fill…
Jake's Cabins is a small motel chain with locations near the national parks of Utah,wyomong and Montans . The chain has a total of 500 guest rooms. The folllowing operating data are available for june:
a.Determine the guest nights for june
b.Determine the available room nights for June
c.Determine the occupancy rate for June
d. Assume that the occupancy rate for June of the prior year was 82%.Has the utilization rate for Jake;s Cabins improved or declined?
Assume a hotel rented 400, 480, and 420 rooms in the months of April, May, andJune, respectively; and the total housekeeping costs for the three months in question were $6,000, $6,800, and $6,200. With use of the high-low method, what is theamount of monthly fixed housekeeping costs?a. $1,000b. $1,500c. $2,000d. $2,500
Chapter 1 Solutions
Managerial Accounting, Loose-leaf Version
Ch. 1 - Prob. 1DQCh. 1 - Prob. 2DQCh. 1 - What manufacturing cost term is used to describe...Ch. 1 - Distinguish between prime costs and conversion...Ch. 1 - What is the difference between a product cost and...Ch. 1 - Name the three inventory accounts for a...Ch. 1 - In what order should the three inventories of a...Ch. 1 - What are the three categories of manufacturing...Ch. 1 - Prob. 9DQCh. 1 - How does the Cost of goods sold section of the...
Ch. 1 - Management process Three phases of the management...Ch. 1 - Prob. 2BECh. 1 - Prime and conversion costs Identify the following...Ch. 1 - Product and period costs Identify the following...Ch. 1 - Cost of goods sold, cost of goods manufactured...Ch. 1 - Prob. 1ECh. 1 - Prob. 2ECh. 1 - Prob. 3ECh. 1 - Prob. 4ECh. 1 - Concepts and terminology From the choices...Ch. 1 - Prob. 6ECh. 1 - Prob. 7ECh. 1 - Prob. 8ECh. 1 - Classifying costs The following is a manufacturing...Ch. 1 - Prob. 10ECh. 1 - Manufacturing company balance sheet Partial...Ch. 1 - Prob. 12ECh. 1 - Prob. 13ECh. 1 - Cost of goods manufactured for a manufacturing...Ch. 1 - Income statement for a manufacturing company Two...Ch. 1 - Statement of cost of goods manufactured for a...Ch. 1 - Cost of goods sold, profit margin, and net income...Ch. 1 - Cost flow relationships The following information...Ch. 1 - Classifying costs The following is a list of costs...Ch. 1 - Prob. 2PACh. 1 - Cost classifications for a service company A...Ch. 1 - Manufacturing income statement, statement of cost...Ch. 1 - Statement of cost of goods manufactured and income...Ch. 1 - Prob. 1PBCh. 1 - Classifying costs The following is a list of costs...Ch. 1 - Prob. 3PBCh. 1 - Several items are omitted from the income...Ch. 1 - Statement of cost of goods manufactured and income...Ch. 1 - Prob. 1ADMCh. 1 - Comparing occupancy for two hotels Sunrise Suites...Ch. 1 - Prob. 3ADMCh. 1 - Prob. 4ADMCh. 1 - Prob. 1TIFCh. 1 - Communication Todd Johnson is the Vice President...
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